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Mar 31, 2022
Nu Skin Q1 2022 Earnings Report
Nu Skin's first quarter results exceeded expectations amidst global uncertainty, driven by strong demand for new product introductions.
Key Takeaways
Nu Skin Enterprises reported first-quarter revenue of $604.9 million and EPS of $0.76, outperforming guidance despite global uncertainties and COVID-related obstacles. Demand for new products like ageLOC® Meta and Beauty Focus™ Collagen+ drove growth in several markets, while Mainland China and EMEA were negatively impacted by COVID-related lockdowns and geopolitical conflict.
First quarter revenue reached $604.9 million, reflecting an 11% decrease year-over-year, with a 3% negative impact from foreign exchange rates.
Earnings per share (EPS) were reported at $0.76, a 16% decrease compared to the prior-year quarter.
The company saw a decrease in customer base to 1,321,451, a 13% reduction from the previous year.
Paid Affiliates decreased to 251,436, representing a 14% decline year-over-year.
Forward Guidance
Nu Skin provided revenue guidance for Q2 2022 of $590 to $620 million and EPS of $0.75 to $0.85. The company also adjusted its annual guidance to revenue of $2.51 to $2.62 billion and EPS of $3.60 to $3.90, reflecting ongoing global uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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